3B:16-3 - Appointment of appraisers
3B:16-3.Ā Appointment of appraisers
If an inventory and appraisal is to be filed, the appraisers shall be chosenĀ by the personal representative subject to the approval of the Superior Court orĀ surrogate, except in cases where it shall be necessary to set off the exemptionĀ for the benefit of the family of the decedent as allowed by N.J.S. 3B:16-5, inĀ which event the personal representative shall apply to the surrogate of theĀ county wherein the decedent resided at his death, or to the Superior Court, asĀ the case may be, for the appointment of two persons as appraisers who areĀ neither interested in the estate nor related to the decedent's widow or child. The appraisers shall, before entering upon the duties of their appointment, beĀ severally sworn before the surrogate, or a person authorized to administerĀ oaths, to faithfully, honestly and impartially appraise the property accordingĀ to its true and intrinsic value without reference to what the property might bring at a public sale.
L.1981, c. 405, s. 3B:16-3, eff. May 1, 1982.
Ā
If an inventory and appraisal is to be filed, the appraisers shall be chosenĀ by the personal representative subject to the approval of the Superior Court orĀ surrogate, except in cases where it shall be necessary to set off the exemptionĀ for the benefit of the family of the decedent as allowed by N.J.S. 3B:16-5, inĀ which event the personal representative shall apply to the surrogate of theĀ county wherein the decedent resided at his death, or to the Superior Court, asĀ the case may be, for the appointment of two persons as appraisers who areĀ neither interested in the estate nor related to the decedent's widow or child. The appraisers shall, before entering upon the duties of their appointment, beĀ severally sworn before the surrogate, or a person authorized to administerĀ oaths, to faithfully, honestly and impartially appraise the property accordingĀ to its true and intrinsic value without reference to what the property might bring at a public sale.
L.1981, c. 405, s. 3B:16-3, eff. May 1, 1982.
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